The correct answer is B. M Narasimham Committee Report.
The Narasimham Committee Report was a report on the Indian banking sector that was submitted to the Government of India in 1991. The report recommended a number of reforms to the banking sector, including:
- Deregulation of interest rates
- Introduction of new private banks
- Strengthening of the regulatory framework
- Increased competition in the banking sector
The Narasimham Committee Report was implemented in 1992, and it had a significant impact on the Indian banking sector. The reforms led to increased competition, lower interest rates, and a more efficient banking sector.
The other options are incorrect because:
- The C Rangarajan Committee Report was a report on the Indian economy that was submitted to the Government of India in 1985.
- The Suresh Tendulkar Committee Report was a report on the Indian economy that was submitted to the Government of India in 2006.
- The Sukhamoy Chakraborty Committee Report was a report on the Indian economy that was submitted to the Government of India in 2008.